USPTO's $242M Sequester Cut May Hurt Hiring, Backlog Plans

Law360, New York (March 1, 2013, 8:29 PM EST) -- The $242 million cut in the U.S. Patent and Trademark Office budget that went into effect Friday under the sequester should not have any immediate effect on operations, experts say, but the office could be forced to reduce hiring and technology spending if the cut remains in effect over the long term.

The USPTO's budget is set by Congress, but comes entirely from the fees it takes in. Because fee collection is projected to be lower than expected for this year, the office was already planning...
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